Buzzing Stock - Keynote Capitals (March 17-'11)

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Buzzing Stocks

·      Tata Steel aims to raise as much as `15bn in the nation’s first sale of rupee perpetual bonds by a non-finance company.

·      LIC is in talks with the government to diversify risk by limiting its exposure to a single company to one-two per cent of the investment corpus.

·      The I-T Department has raided offices of JSW Group companies for a possible tax evasion suspicion.

·      Mahindra Satyam has initiated talks with IT companies in China and Japan that would give it access to their local clients.

·      Indian Oil, HPCL and BPCL have seen losses on diesel sale touch a record `15.79 per litre as government continues to bar them from raising rates.

·      IVRCL has bagged several orders valued at ~`5.6bn, which includes two orders from Power Grid Corporation, worth `3.6bn.

·      Jyothy Laboratories has picked up 14.9 % stake in Henkel India.

·      SKS Microfinance would not participate in the corporate debt restructuring programme, as suggested by its lenders, as it had sufficient funds to repay loans.